The market is hockey-sticking higher on news that the Fed sees just 2 rate hikes, instead of 4. Duh. We already knew that. More to the point of two rate hikes, the market is delusional if it thinks it will enjoy those, whenever in fact they do occur.
However, I think the noteworthy part of this statement is the proverbial bending of the will to the market. Nevertheless, these statements are red herrings, meaningless drivel designed to provide succor to a market that has hitherto gotten everything it has asked from the Fed, and more.
Let this be as a stark reminder to you: you will not like any rate hikes, not even one.
Nevertheless, markets are rejoicing in their own feces, now higher by 5 whole NASDAQS.
Sell the news; board the ark.
If you enjoy the content at iBankCoin, please follow us on Twitter
Trivia…My Blog actually hit over a Million on the Counter. SO COOL. Anyway, yep already priced in and Commodities are not needed anymore in this world due to the GLUT of them. Should fade as Yellen speaks!!!
I cannot imagine why the blog is so popular! Congrats despite the sarcasm.
lol, thanks
Does that translate into profit?
Having a recorded record of a Bubble from creation to collapse to reform…to me is priceless. lol.
some things are worth more than money… depends what you want…
http://ivanhoff.com/2012/12/09/13-insights-from-paul-tudor-jones/
Question for The Panel: Which is worse: Yahoo Finance or MarketWatch? Extra points for innovative snark.
It’s kind of hard to decide which is worse. It’s an empirical question, but no one has the patience to sift through the data of how much you would have lost following one vs. the other.
We are in a recession and don’t know it yet.
shorts on the run for the moment. SHAK at 33.50? hmmm OR SHOULD I SIT IN CASH
SIT IN THE GIMP BOX, CATAMITE
oil + 6%